Moody's downgrades El Salvador´s Debt Rating

Moody's downgraded the rating to "Ba2" from "Ba1", citing a continued deterioration of the country's financial condition.

In a statement the rating agency stated, "The metrics for sustainability of government debt (including debt to income ratio) are not consistent with a grade of 'Ba1' in light of the limited prospects for growth the country has," Yahoo News published.

The rating outlook on El Salvador was upgraded from negative to stable.